Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Two Thirds Wary Of TPP That Allows Foreign Investors to Sue

Media release: FIRST Union
Wednesday December 12, 2012

Two Thirds Of New Zealanders Wary Of TPP That Allows Foreign Investors To Sue

A new poll shows two thirds of New Zealanders are wary of a Trans Pacific Partnership that has rules allowing corporations to sue governments.

A telephone survey conducted by Consumer Link asked respondents whether they would support New Zealand signing trade and investment treaties that would allow the government to be sued by foreign investors in private offshore tribunals.

64% of respondents said New Zealand should reject treaties with these clauses, and just 13% said we should sign them. 24% were unsure.

Investor state dispute settlement mechanisms are common in trade agreements promoted by the US, such as the North Atlantic Free Trade Agreement.

Robert Reid, General Secretary of FIRST Union, said the poll demonstrated that New Zealand should follow Australia’s lead in rejecting the inclusion of these mechanisms in a TPP.

“The great myth promulgated by the branding of the TPP is that it is primarily about trade. The pervasive rules regarding investment are the ones that are most concerning,” Robert Reid said.

“Governments must be free to enact laws that meet the needs of their country, without the threat hanging over them of being sued in unaccountable, offshore tribunals.”

“Two years ago, John Key described the inclusion of investor-state enforcement powers in a TPP as “far-fetched” and said he expected New Zealand would support Australia’s position in rejecting such a mechanism.”

“The public clearly support this stance. John Key needs to explain which side he’s on,” Robert Reid said.

--
The telephone survey was conducted by Consumer Link (a part of Colmar Brunton Research). The results are un-weighted. The poll question is below.

Background to PM’s 2010 comments
Listen to the Prime Minister’s 2010 comments (at his post cabinet press conference) about investor state dispute settlement here: http://img.scoop.co.nz/media/audio/1011/PMonAPECandTPP.mp3 on the Scoop website. Or watch the relevant questions here: http://www.youtube.com/watch?v=S_OCDf_evaA Discussion is at 38 mins, 5 seconds, on the YouTube clip; the scoop audio is just the two minutes of the media conference relating to this issue.

Poll question:

New Zealand is currently negotiating a free trade and investment treaty with ten other countries called the Trans Pacific Partnership. As part of the negotiations, there is a proposal to allow foreign investors to sue governments in private offshore tribunals if government actions threaten their future profits. The US advocates it while Australia says it would not sign a deal with this in it. Which one of the following statements do you most agree with:

1 New Zealand should reject trade and investment treaties that would allow the government to be sued by foreign investors in private offshore tribunals - 64%
2 New Zealand should accept terms that would allow investors to sue the government in this way if that is what is required to get a Trans Pacific Partnership deal - 13%
3 No opinion / Can’t choose - 24%

~~~~~~~~

The National Distribution Union and Finsec joined forces in October 2011 to form New Zealand’s newest union – FIRST. The union represents 27,000 people working in Finance, Industrial (Textile and Wood) Retail, Stores & Transport. http://firstunion.org.nz

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Royals: The Prince Of Wales And Duchess Of Cornwall To Visit

Prime Minister John Key welcomes today’s announcement that the Prince of Wales and The Duchess of Cornwall will visit New Zealand in November. This will be the second joint visit for Their Royal Highnesses to New Zealand. More>>

ALSO:

Tracey Martin Replaced: Ron Mark Is New New Zealand First Deputy Leader

Clayton Mitchell was the successful candidate for the Associate Whip position. Winston Peters was re-elected as Leader by the Caucus. Ron Mark was elected as the Deputy Leader with effect from 10am, Friday, 3rd July. More>>

ALSO:

Rebuild Rebrand: "Regenerate Christchurch" To Replace CERA

The regeneration of Christchurch will be the city’s focus for the next five years as local leadership progressively takes control of the rebuild, Canterbury Earthquake Recovery Minister Gerry Brownlee says. More>>

ALSO:

Nauru: Scholars Urge Minister To Act On Deteriorating Democracy

“Since the 2013 election in Nauru, there has been a series of disturbing developments on the islands that indicate a severe deterioration in the state of its parliamentary democracy and in the rule of law,” say the scholars. More>>

ALSO:

Foreign Affairs: NZ Begins Presidency Of UN Security Council

Prime Minister John Key has welcomed the start of New Zealand’s month-long Presidency of the United Nations Security Council in New York. More>>

ALSO:

Labour: Cash For Charter Schools, Mould For State Schools

“Recently released financial statements show the Whangarei charter school He Puna Marama received $3.9 million in government funding to the end of last year. Yet their audited accounts show they only spent $1.4 million on education, leaving almost $2.5 million over two years unaccounted for." More>>

ALSO:

Kiwirail Plans Shift From Electric: National Urged Not To Take Backwards Step

The National Government shouldn’t drag New Zealand backwards by replacing its climate friendly electric trains with carbon-polluting diesel trains, the Green Party said today. More>>

ALSO:

Capital Connection:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news